Independent Bank Corp (Massachusetts) expected to post earnings of $1.12 a share - Earnings Preview

Independent Bank (Massachusetts)

16/07/2024 21:13

* Independent Bank Corp (Massachusetts)  INDB.OQ 
 INDB.O  is
expected to show a fall in quarterly revenue when it reports 
results on July 18 for the period ending June 30 2024
    * The Rockland Massachusetts-based  company is expected to
report
a 8.0% decrease in revenue to $168.624 million from $183.3
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (SAL represents Total/Operating
revenue)
    * ​LSEG's mean analyst estimate for Independent Bank Corp
(Massachusetts) is for earnings of $1.12 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $57.50​, above​ its last closing price
of $54.34. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.14        1.15       1.12      Missed  -2.6
 Dec. 31 2024  1.25        1.24       1.26      Beat    1.4
 Sep. 30 2023  1.33        1.33       1.38      Beat    4​
 Jun. 30 2023  1.35        1.36       1.42      Beat    4.7
 ​​Mar.        1.53        1.54       1.36      Missed  -11.8
 31 2023                                                
 Dec. 31 2022  1.65        1.65       1.69      Beat    2.3​
 Sep. 30 2022  1.42        1.42       1.57      Beat    10.8
 Jan. 1 0001   1.26        1.26       1.32      Beat    4.8
 This summary was machine generated July 16 at 20:13 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)